Company News

Deals of the day-Mergers and acquisitions

(Adds Nutrien, Unilever)

Feb 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

** Canadian fertilizer and farm supply dealer Nutrien Ltd said it would buy Actagro LLC, a privately held maker of soil and plant health products, in a deal valued at $340 million.

** Unilever, has acquired British snack brand Graze for an undisclosed price, boosting the group’s presence in food, it said.

** T-Mobile US Inc told the U.S. Federal Communications Commission on Monday it would not increase prices for three years, with few exceptions, if it gets approval to buy rival Sprint Corp for $26 billion.

** General Electric Co said on Monday it expects to close the merger of its transportation business with Wabtec Corp on Feb. 25 and set a record date for distribution of shares.

** Abu Dhabi’s Mubadala Investment Co has sold 34.9 million common equity shares in Advanced Micro Devices (AMD), a company spokesperson said, and plans to convert 75 million warrants in the U.S chipmaker.

** Telecoms operator VEON Ltd said it intends to offer 5.30 Egyptian pounds ($0.3005) per share for the 42.3 percent of Cairo-listed Global Telecom Holding it does not already own.

** Russian investor Mikhail Fridman moved to take over Spain’s Dia with an offer valuing the struggling discount supermarket chain, in which he owns a 30 percent stake, at more than 400 million euros ($457 million).

** HMV, the British music retailer that collapsed after Christmas, has been sold to the owner of Canada’s Sunrise Records in a deal that will save 100 stores and 1,487 jobs, its joint administrators said.

** British online supermarket Ocado said investment in its partnership deals would hit short-term profits, while remaining tight-lipped about media reports of tie-up talks with Marks & Spencer.

** European Commission President Jean-Claude Juncker said the EU executive was not needlessly blocking corporate mergers, a comment seemingly aimed at complaints in France and Germany over its expected rejection of a merger between Siemens’ and Alstom’s rail businesses.

** Germany’s government could take stakes in key domestic companies to prevent foreign takeovers, its economy minister said, presenting a marked shift in industrial strategy he said was needed to safeguard the country’s prosperity.

** German Economy Minister Peter Altmaier said that he did not favour getting ministerial approval for deals such as the proposal to merge Siemens <SIEGn.DE. and Alstom’s rail businesses to better compete in Europe and abroad.

** BT Group may have to cut the price tag of its troubled Italian arm as bidders are mainly interested in parts of the business rather than the whole division, which suffered an accounting scandal in 2017, sources told Reuters.

** French train maker Alstom is unlikely to appeal against an expected rejection by European regulators of its planned deal with Siemens, Alstom Chief Executive Officer Henri Poupart-Lafarge told Le Figaro newspaper. (Compiled by Manogna Maddipatla in Bengaluru)